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Ethereum daily. I have run a basic cycles analysis and identified a clear and regular 40 day cycle in the data. The 40 day cycle breaks down into two 20 day cycles and is half of the 8-day cycles.
That’s how cycles work, there is family of harmonically related cycles, they interact with on another and create the price chart. What we see here is that the 40 day cycle is clearly falling as is the longer 80 day cycle.
The trough isn’t until the end of December and in fact is likely to be pushed forward in time some (right translated in cycle speak). The cycles are falling hard and this is a burden on price.